Georgia vs Korea: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Georgia
- Korea
How they compare
Georgia currently reports 2.1% against 2.0% in Korea, a difference of 0.1%.
The two have swapped places 8 times across 30 shared years of data; in 1995 it was Georgia ahead.
Georgia ranks 90th and Korea ranks 91st of 136 countries.
Georgia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Georgia | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.2% | 1.2% | 4.0% | Georgia |
| 2000s | 1.6% | -0.6% | 2.1% | Georgia |
| 2010s | 2.8% | 2.0% | 0.7% | Georgia |
| 2020s | 5.1% | 4.0% | 1.2% | Georgia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Georgia or Korea?
- Georgia, at 2.1% against 2.0% in Korea as of 2024.
- What is the difference in net incurrence of liabilities, total between Georgia and Korea?
- 0.1%, with Georgia ahead.
- How many years of comparable data are there for Georgia and Korea?
- 30 years are reported by both, from 1995 to 2024.
- How do Georgia and Korea rank globally for net incurrence of liabilities, total?
- Georgia ranks 90th and Korea ranks 91st of 136 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net incurrence of liabilities, total (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.